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Greece

IMF's Delia Velculescu to Return to Athens on Sept. 12

The head of the International Monetary Fund (IMF) mission in Greece, Delia Velculescu, is expected to return to Athens in mid-September, possibly on September 12, IMF spokesman Gerry Rice said during a press briefing on Thursday. He said the...

Delia Velculescu: IMF Wants Greek Debt Sustainability, Μeasures Aren't Enough

International Monetary Fund (IMF) representative Delia Velculescu said that Greek debt is not sustainable, during her address at the Economist Conference in Athens. "Greece needs substantial debt relief," she said, adding that the IMF is participating in discussions and...

Delia Velculescu to Become IMF Head Representative in Greece

The International Monetary Fund (IMF) is set to replace Rishi Goyal, head representative of the institution's technical team in Greece, with a person who has had experience in analyzing Greece's troubled economy before. Greek newspaper "Kathimerini" reported that Delia Velculescu will now be the one assessing Greece’s...

Delia Velculescu to Leave Cyprus IMF Mission

The IMF announced today the replacement of its Mission Chief to Cyprus, Delia Velculescu, by Mark Lewis. After two and a half years as IMF`s Mission Chief to Cyprus and as part of her regular career progression, Delia Velculescu will be...

IMF's Velculescu Says Debt Relief Measures Must be Specified; Gov't Must Implement Reforms

International Monetary Fund's Greece mission chief Delia Velculescu said on Wednesday talks among Greece's creditors to specify the debt relief measures which will be offered to Greece must be completed soon. Speaking at an Economist conference in southern Athens, Velculescu...

IMF Rep Velculescu: Greek Reforms are Toxically One-Sided in Class Structure

International Monetary Fund Representative Delia Velculescu met with the leadership of the General Confederation of Greek Workers (GSEE) at the Bank of Greece (BoG) building. The meeting, called by Velculescu ran for one and a half hours and took place...

IMF's 'Iron Lady' in Greece to Move On

  The head of the IMF team in Greece, Romanian economist Delia Velculescu, is to leave her post after three years in the job, local media reported on Friday. Velculescu is to be replaced by Peter Dolman, a U.S. official who has...

Return of Institutions to Athens at the Heart of Lagarde-Tsakalotos Meeting

A meeting between IMF Chief Executive Christine Lagarde and Euclid Tsakalotos took place on Friday afternoon within the framework of the Spring Fund Summit in Washington and lasted about 40 minutes. Up for discussion was the reduction of the Greek...

First Day of Greece-Creditors Negotiations Ends With No Results

The first day of negotiations on the bailout program review between Greece and creditors on Tuesday bore no results as the Greek side disagreed with the cost of the proposed measures and their implementation. The Greek ministers who participated in...

Greece to Legislate Fiscal Measures in Advance to Complete Bailout Program Review

The Greek government on Monday agreed to legislate new fiscal measures that will apply from 2019 and on in order for creditors' missions to return to Athens to resume talks on the bailout program review. The new measures are not...

Eurogroup President: Substantial Progress for Return of Institutions to Athens

 "There has been substantial progress and we are close to a common ground for the return of institutions in Athens next week," said President of the Eurogroup Jeroen Dijsselbloem in a statement after Friday's meeting with Greece's finance minister...

Moment of Truth: IMF's Lagarde to Attend Executive Board Meeting on Greece

The International Monetary Fund's Christine Lagarde will be participating today in an executive Board meeting at the organization's headquarters in Washington which is set to begin at 2:30 p.m. (9:30 p.m. Greek time). IMF technocrats are to present the outcome...

IMF Report on Greece Shows Contingency Fiscal Measures are Unavoidable

The International Monetary Fund report on the progress of the Greek economy in 2016 and in subsequent years shows that contingency fiscal measures will be necessary for the country to reach its bailout program targets. According to the final document...

Two IMF Reports Not Positive for Greece

Board members of the International Monetary Fund on Tuesday received two reports on Greece that are not very positive about the country's economy, a mignatiou.com report says. The reports will be discussed at a special board meeting the first week...

IMF Report: Pension Reductions, Tax and Labor Changes Needed

The International Monetary Fund (IMF) Greek Head Delia Velculescu held a conference call with reporters on Friday. She stated that Greece’s growth outlook remains weak, and pointed to further deep reforms necessary. She also said that debt relief from...